SEC Commissioner Lee on the Amendments to Rule 14a-8

This analysis features Allison Herren Lee, of counsel at our firm, talking about Amendments to Rule 14a-8.
The final rules represent the capstone in a series of policies that will dial back shareholder oversight of management at the companies they own. Last year, the Commission adopted guidance on proxy advisors and proxy solicitation that made it more difficult and costly for investment advisers to vote shares on behalf of their clients in reliance on independent proxy voting advice.